Complementation to the current Safra Plan will allow equalization of more than R$8 billion

The Minister of Agriculture and Livestock, Carlos Fávaro, announced the value of the resources that will be made available to complement the 2022/23 Harvest Plan, which ends on June 30. R$200 million will be made available, which should allow the equalization of around R$8,4 billion for immediate application in Moderfrota financing programs, in irrigation and other investments and in pre-costing and costing.

According to the minister, the measure was necessary because the ongoing Harvest Plan was unable to meet all producers' demands for this credit.

“We had investments that had been paralyzed for a long time. Still in January, when the president of BNDES, Aloizio Mercadante took office, R$2.7 billion were released for investments, which were quickly taken, and we then began the search for budgetary supplements. We sought to supplement resources by relocating other budgets so that we could make the amounts available for the Safra Plan”, he explained.

Dollarized line

The minister also recalled that the success of the dollarized rural credit line from the National Bank for Economic and Social Development (BNDES), built with Mapa, showed the need to allocate more resources for this special type of financing.

“With interest of 7,59% per year, plus exchange variation in dollars, cheaper than the Safra Plan, without compromising treasury resources, it was a great novelty with high aptitude of producers”, assessed Fávaro when stating that the adjustment was made to cover producers and enable them to continue making investments and preparing for pre-funding until the arrival of the new Harvest Plan.